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2 years ago

Products that have revisions that take more than 1 year can not be revised until the following year. True or False

1 answer:

7 0

Products that have revisions that take more than 1 year can not be revised until the following year. Thus, the statement is true.

<h3>What is a product?</h3>

A product is referred to as a finished item that is ready for sale in the market to serve the customers. These products are tangible in nature so that people can see, touch and use them.

Product revision has been referring to making any modifications or changes to the current product. These product revision has been done when customers are not satisfied with the quality or packaging of the product.

When the product is revised with a time duration of 3 months then this will be considered efficient whereas if takes time of more than a year, it will be considered a product failure.

The revision should not cause delay because there are many competitors available in the market to capture the target audience of your business.

Learn more about the Product, here:

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Scott Corp. received cash of $20,000 that was included in revenues in its Year 1 financial statements, of which $12,000 will not

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Answer:

3,000

Explanation:

As the income will be taxed at 25% the income tax liability will be for that amount

12,000 x 25% = 3,000

The tax deferred liability is generated from a temporary difference. The company is paying less income tax today but will pay more in the future. Hence there is a liability.

The accounting reason for this treatment is to match expenses with the time they occur or the revenues which generated.

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3 years ago

Why is it difficult to compare relative job growth for different-sized businesses? staff size of small businesses tends to chang

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It is difficult to compare relative job growth for different-sized businesses because it is hard to determine the cutoff point at which a small business becomes a large business. It is not easy to know the comparative job development amongst businesses of different sizes. There are not the same parameters leading the size of a small business versus a big business. Moreover, there is no defined point where such a variation can be clearly identified.

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4 years ago

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Efectos del endeudamiento sobre la estructura del capital de una empresa

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3 years ago

A delivery service is buying 600 tires for its fleet of vehicles. One supplier offers to supply the tires for $80 per tire, paya

Serhud [2]

Answer:

$-573.54

Explanation:

Present value is the sum of discounted cash flows.

Present value can be found using a financial calculator.

For the first supplier

Cash flow in year zero = 0

Cash flow in year 1 = $80 x 600 = $48,000

I = 8.1%

Present value = $44,403.33

For the second supplier,

Cash flow in year zero = $20,000

Cash flow in year one = $45 × 600 = $27,000

I = 8.1%

Present value =$44,976.87

Difference = $44,403.33 -44,976.87 = $-573.54

To find the PV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

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3 years ago

Ratchet Manufacturing anticipates total sales for August, September, and October of $220,000, $230,000, and $240,500 respectivel

Zinaida [17]

Answer:

The Accounts Receivables will be reported as $154000 in August's budgeted balance sheet.

Explanation:

The credit sales for August can be calculated by separating the total sales into cash and credit sales.

The cash sales are 30% or total sales which means the remaining 70% belongs ot the credit sales.

The credit sales for August will be = 220000 * 0.7 = 154000

As the question suggests, all credit sales that is $154000 for August will remain as accounts receivables in the month of August and will be collected in September. Thus, in budgeted balance sheet for August, the Accounts receivables will be reported as $154000

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4 years ago